Glad I've convinced you browny. Just to be precise, pre-booked as sales, then likely a Y/e discount to get the NPV, then the impairment %. With a little more work suspect the NPV discount is greater than 15%.
Yes these are unsecured debtors with a history, and we have a bucket load of them. On the other hand, they’ve taken the debt agreement option rather than possible full bankruptcy. A least initially, they all want to make it work and avoid this. That's a plus for them.
FSA Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
